BTC/USD chart analysis: 30 Jan 2018

Is that a big Falling Wedge? Take from ATH of 19,891 and minus previous swing low of 10,700 = 9,000. In a measured move if BTC/USD within short term managed to retest 14,000 to 15,000 zone and stay there, we are looking BTC/USD to 24,000. This is a bullish scenario.

A Falling Wedge trading rule : If a falling wedge chart pattern slants against the prevailing trend, it is considered a bullish continuation pattern if price can penetrate the top resistance line.